Sinclair Declares $0.20 Per Share Quarterly Cash Dividend

Rhea-AI Summary

On August 5, 2020, Sinclair Broadcast Group (Nasdaq: SBGI) announced a quarterly cash dividend of $0.20 per share for its Class A and Class B common stock. This dividend will be paid on September 15, 2020, to shareholders recorded by the close of business on September 1, 2020. Sinclair is a major media company operating 191 television stations in 89 markets and 23 regional sports networks, delivering content through various platforms, including digital.

Positive

• Quarterly cash dividend of $0.20 per share announced.
• Dividend payment scheduled for September 15, 2020, indicating financial stability.

Negative

• None.

BALTIMORE, Aug. 5, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Class B common stock.  The dividend is payable on September 15, 2020, to the holders of record at the close of business on September 1, 2020.

Sinclair is a diversified media company and leading provider of local sports and news. The Company owns and/or operates 23 regional sports network brands; owns, operates and/or provides services to 191 television stations in 89 markets; is a leading local news provider in the country; owns multiple national networks; and has TV stations affiliated with all the major broadcast networks. Sinclair's content is delivered via multiple platforms, including over-the-air, multi-channel video program distributors, and digital platforms. The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net.

View original content to download multimedia:http://www.prnewswire.com/news-releases/sinclair-declares-0-20-per-share-quarterly-cash-dividend-301106251.html

SOURCE Sinclair Broadcast Group, Inc.

FAQ

What is the dividend amount announced by Sinclair Broadcast Group?

Sinclair Broadcast Group announced a quarterly cash dividend of $0.20 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on September 15, 2020.

What is the record date for the dividend?

The record date for the dividend is September 1, 2020.

How many television stations does Sinclair Broadcast Group operate?

Sinclair Broadcast Group operates 191 television stations in 89 markets.